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We study optimal nonlinear taxation of labor income and linear taxation of capital income in a life-cycle framework … environments. Capital taxation is desirable and yields sizable welfare gains, especially if labor income taxes are set below their … dependence to age independence and from nonlinear to linear income taxation. For optimal history- independent taxes, we provide a …
Persistent link: https://www.econbiz.de/10011301695
is more pronounced than in partial equilibrium. The joint analysis of tax incidence and optimal taxation reveals that the …
Persistent link: https://www.econbiz.de/10011555531
is more pronounced than in partial equilibrium. The joint analysis of tax incidence and optimal taxation reveals that the …
Persistent link: https://www.econbiz.de/10011540765
is more pronounced than in partial equilibrium. The joint analysis of tax incidence and optimal taxation reveals that the …
Persistent link: https://www.econbiz.de/10012979663
We study the implications of limited commitment on education and tax policies chosen by benevolent governments. Individual wages are determined by both innate abilities and education levels. Consistent with real world practices, the government can decide to subsidize different levels of...
Persistent link: https://www.econbiz.de/10011441852
We study the implications of limited commitment on education and tax policies chosen by benevolent governments. Individual wages are determined by both innate abilities and education levels. Consistent with real world practices, the government can decide to subsidize different levels of...
Persistent link: https://www.econbiz.de/10011490537
We study the implications of limited commitment on education and tax policies chosen by benevolent governments. Individual wages are determined by both innate abilities and education levels. Consistent with real world practices, the government can decide to subsidize different levels of...
Persistent link: https://www.econbiz.de/10010833237
standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living …
Persistent link: https://www.econbiz.de/10015047233
standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living …
Persistent link: https://www.econbiz.de/10014551008
Low-skilled immigrants indirectly affect public finances through their effect on native wages & labor supply. We operationalize this general-equilibrium effect in the workhorse labor market model with heterogeneous workers and intensive and extensive labor supply margins. We derive a closed-form...
Persistent link: https://www.econbiz.de/10012314891